With Kristin Wiig and Matt Damon taking the concept of downsizing pretty seriously in their upcoming cinematic debut, the subject is well and truly on everyone’s lips.
Downsizing has long had negative connotations; from the upheaval of moving, to the worry of losing out on some of the home comforts you’ve become accustomed to, the whole process can feel like admitting defeat.
For many, downsizing can feel like something of an identity crisis. Often downsizing comes after years spent in a home, a place that holds happy memories and significance for its owners.
However, downsizing need not always been an unhappy process. Here’s why:
Own less, save more
Reducing the size of your living accommodation also reduces the size of your bills. Smaller properties often cost less in terms of gas and electricity which in turn will take the pressure off your monthly outgoings. All good news so far…
A move to a smaller property can be a great opportunity to rid yourself of the unwanted clutter that we are all guilty of accumulating when living in one property for years. Try to see this as a golden opportunity to get rid of items that have been quietly gathering dust, and to re-assess what is the most valuable to you. You might even re-discover some lost treasures that have been lost at the back of a storage cupboard.
Free up some income
Selling your larger property in favour of a smaller property could mean that you generate extra income that you weren’t expecting. You could reap the benefits of your built-up equity and release assets as you downsize. If this is the case you could use this money to pay off some of your new property or even put it towards a well-deserved holiday.
Fresh start, fresh design
Chances are when you bought your last property you had completely different taste and requirements for your home than you do now. Perhaps you bought your larger property to accommodate children who no longer live with you? Or perhaps you had several pets that required a large outdoor space that now feels more of a burden than a luxury. See this as an opportunity to choose a house that perfectly fits your requirements. However much you love your current property there will certainly be niggles that you could use this move to rectify.
It’s a simple fact that a smaller property requires less upkeep. From cleaning to repairs, the demands are significantly decreased when you downsize which means you can spend your time doing things you’d much rather do!
If you’re looking to downsize but are struggling to sell your house, our expert team are on hand to help. Simply get in touch via the form below and we will be in touch.